From a Portion of a Probability Distribution, You Read That

question 47

Multiple Choice

From a portion of a probability distribution, you read that P(demand = 0) is 0.05, P(demand = 1) is 0.10, and P(demand = 2) is 0.20. The two-digit random number intervals for this distribution beginning with 01 are

• A) 01 through 05, 01 through 10, and 01 through 20
• B) 00 through 04, 05 through 14, and 15 through 34
• C) 01 through 05, 06 through 15, and 16 through 35
• D) 00 through 04, 00 through 09, and 00 through 19
• E) 01 through 06, 07 through 16, and 17 through 36

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Definitions:

Financial Information

This encompasses all the data regarding the financial status, performance, and changes in financial position of an entity.

Normal Balance

The side (debit or credit) of an account that is increased. For example, assets increase on the debit side, while liabilities increase on the credit side.

Chronological Order

The arrangement of events, numbers, or actions in the sequence that they occurred or were performed.

Debit Normal

Refers to accounts that are increased with a debit transaction and have a natural debit balance, such as assets, expenses, and losses.